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Nifty 50 Index
Long

Nifty- 17757 is the next resistance

92
Nifty made a bullish green candle helped along by spirited buying by DIIs outgunning the FIIs net buying 901cr. PCR increased to 0.78 which continues in oversold zone. CPR is just 38pts wide below todays close, so will act as a support and indicates a trending market. Weekly expiry as per max pain is at 17400 which could move up a notch as nifty trends higher tomorrow. What do you think?
PromodSshrivastava
Chart PatternsTechnical IndicatorsNIFTYTrend Analysis

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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Chart PatternsTechnical IndicatorsNIFTYTrend Analysis
PromodSshrivastava

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.